Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Hits New 12-Month Low – Here’s Why

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $49.92 and last traded at $49.97, with a volume of 248594 shares changing hands. The stock had previously closed at $50.08.

Eaton Vance Short Duration Income ETF Price Performance

The business has a 50-day moving average of $50.60 and a 200-day moving average of $50.86.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Wednesday, September 30th will be paid a $0.2073 dividend. This is an increase from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. This represents a $2.49 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

A number of large investors have recently made changes to their positions in EVSD. Prism Advisors Inc. bought a new position in Eaton Vance Short Duration Income ETF during the 1st quarter valued at about $15,230,000. Janney Montgomery Scott LLC lifted its stake in Eaton Vance Short Duration Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after purchasing an additional 7,623 shares during the last quarter. Nemes Rush Group LLC boosted its position in shares of Eaton Vance Short Duration Income ETF by 3.6% during the fourth quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock valued at $10,091,000 after buying an additional 6,833 shares during the period. Equitable Holdings Inc. purchased a new position in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at approximately $691,000. Finally, Eldridge Investment Advisors Inc. boosted its position in shares of Eaton Vance Short Duration Income ETF by 145.7% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after buying an additional 33,145 shares during the period.

About Eaton Vance Short Duration Income ETF

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.